Press release
Ring Main Unit Market 2021 Witness High Growth And Manufacturing Analysis By 2028
Ring Main Unit Market
The global ring main unit market is driven by increase in power consumption, modernization of the existing power infrastructure, high demand for reliable sources of power generation, and development of enhancement plans for power distribution. However, higher cost of RMUs as compared to traditional switchgears restricts the market growth. Furthermore, development of automation ready units with integrated remote terminal units (RTUs) that enable instant smart grid functionality present lucrative opportunities for the market players during the forecast period.
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The key players operating in this ring main unit market include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).
Key Benefits
• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global ring main unit market for the period of 2016-2023 to identify the prevailing market opportunities.
• The key countries in each region have been mapped based on market share.
• In-depth analysis of the ring main unit market segmentation assists in determining the prevailing market opportunities.
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